Jan 13, 2013 11:00pm EST
environment anymore. maybe that is good for the sunshine law but with intense media scrutiny and day-to-day negotiations it is tougher to get the deal done. i would like for them to go to camp david for one week. lori: with a chance to get spending cuts? will republicans have any leverage? >> there is opportunity to have responsible conversation. lori: that anything done? >> it is possible. the budget that was criticized the president has proposed drastic spending cuts and froze discretionary spending over five years not what democrats would be happy about what would follow if there was a deal. it is maybe a little less likely than one year ago but it is possible. lori: meno bernanke will leave at the end of the term. how will that unfolds? >> now- now they say tim geithner will go to the head of the feral reserve. [laughter] i think he has had his do but it is a close relationship. it is with the entire board and not just the chairman. on lot of people have known them for a long time. lori: who will handicap the next fed chief? >> double not speculate. >> you were working with a t.a.r.